Romeo Energy is liquidating its 215,000-square-foot EV battery meeting plant in Cypress, California. A Tiger Group On-line public sale options hundreds of lithium-ion battery cells, together with industrial belongings reminiscent of robots, CNC machines, meeting and testing gear, and the corporate’s mental property.

“Obtainable turnkey or in mixtures of bulk heaps, Romeo Energy’s IP and different belongings symbolize an amazing alternative for industrial producers, EV battery assemblers, automotive corporations and different consumers,” mentioned Tiger Group’s John Coelho. “Along with the late-model industrial gear, we’re providing some $16 million in stock, together with greater than 200,000 Samsung lithium-ion battery cells.”

Bidding is now open, and the timed on-line public sale closes on September 7, at 10:30 am Pacific Time.

The Samsung battery cells are prepared for fast use.

Additionally on the public sale block:

• A number of Fanuc robots and associated methods
• Three 2019 Haas VF6 vertical milling machines
• Machine-shop belongings together with a high-speed CNC machine, a vertical milling machine, a lathe, drill presses, a 50-ton hydraulic press and numerous saws, sanders, welders, vices and instruments
• Engineering and testing methods together with chambers, drop testers, ovens and different gear for subjecting batteries to excessive circumstances
• {Hardware}, wiring harnesses, chilly plates and enclosures, junction packing containers, connectors, transformers and resistors
• Excessive-end workplace furnishings
• A field truck
• Pallet jacks
• Late-model compressors
• TVs, computer systems and different belongings

Asset images and detailed descriptions can be found. On-site inspections can be found by appointment on Wednesday, September 6, from 10 am to 4 pm Pacific Time. To rearrange an inspection, ship e-mail to auctions@tigergroup.com or name (805) 497-4999.

“Romeo Energy used this gear to deal with duties like meting out and making use of sealant, choosing and inserting elements, and welding and assembling,” mentioned auctioneer Wayne Hecht. “These high-quality belongings could possibly be extraordinarily helpful to a big selection of operators, inside and out of doors of EV battery manufacturing.”

Supply: Tiger Group